FourThought Financial Partners LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

FourThought Financial Partners LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, Holdings Channel.com reports. The fund bought 38,103 shares of the oil and gas company’s stock, valued at approximately $4,099,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vertex Planning Partners LLC boosted its stake in shares of Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 83 shares during the last quarter. First Heartland Consultants Inc. lifted its holdings in Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after purchasing an additional 87 shares in the last quarter. Latitude Advisors LLC boosted its stake in shares of Exxon Mobil by 0.7% during the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after purchasing an additional 88 shares during the last quarter. Longfellow Investment Management Co. LLC grew its holdings in shares of Exxon Mobil by 0.6% during the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after buying an additional 88 shares in the last quarter. Finally, West Oak Capital LLC grew its holdings in shares of Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after buying an additional 92 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.6 %

NYSE:XOM opened at $110.06 on Friday. The company has a market cap of $477.58 billion, a PE ratio of 14.04, a P/E/G ratio of 3.02 and a beta of 0.89. The business’s 50 day moving average is $108.84 and its two-hundred day moving average is $114.31. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $104.00 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm earned $2.48 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Analysts Set New Price Targets

Several brokerages have weighed in on XOM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, BMO Capital Markets cut their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.